🔥🔥From chasing highs to steady wins: 8 survival principles in the crypto world:
1. Make good use of the morning window: The crypto market at dawn reflects its true nature. If prices drop sharply, don't panic; it's an opportunity to buy at a low price. If prices soar from the start, avoid greed and take profits in time.
2. Grasp the afternoon mysteries: Sudden surges in the afternoon are often false alarms; blindly chasing highs can make you a victim of the market. If there's a sharp drop in the afternoon, it's wise to stay calm and wait for the next day to find a low point to re-enter for better deals.
3. Steady yourself during declines: If you wake up to a big drop in the morning, don't rush to cut losses. Early morning fluctuations are often a market illusion; if the market is quiet, don't stress. Conserving your energy and waiting for a turnaround is a more prudent approach.
4. Adhere to trading rules: Never sell before reaching your expected high; even a small profit can still be a loss. If the price hasn’t reached your psychological low, firmly control your hands to avoid buying too early. During sideways movements, the direction is unclear; trading at this time is like a blind person touching an elephant; it’s better to observe the changes.
5. Follow the yin-yang guidance: Buying on bearish candles and selling on bullish candles is a classic strategy proven over time. A bearish candle indicates cheaper chips during a pullback, making it a good entry opportunity; a bullish candle signifies that a short-term uptrend is forming, so sell at highs to secure profits.
6. Breakthrough with counter-intuitive thinking: To break through in the crypto space, sometimes you need to go against the flow. When everyone is enthusiastically chasing, remain calm; when the market is panicking and selling off, be bold; contrarian strategies often uncover opportunities outside the mainstream.
7. Be patient during consolidation: Prolonged price consolidation at highs or lows tests your resolve. Do not be swept away by anxiety and act impulsively; be patient and wait for clearer trends; once the direction for an upward or downward move is clear, it’s not too late to act decisively.
8. Catch the tail end of a surge: After a long period of high consolidation, a renewed push upwards is often the last frenzy. At this moment, it’s crucial to sell decisively and secure your profits; a moment's hesitation might let your gains slip away.
